(65 ILCS 5/9-2-94) (from Ch. 24, par. 9-2-94)
Sec. 9-2-94.
In counties having a population of 500,000 or more, the city
comptroller or other officer designated and authorized by the corporate
authorities of any municipality which levies any special assessment has the
power to collect the amounts due on tracts or lots which have been
forfeited or withdrawn from sale, and the interest and penalties due
thereon, based upon an estimate of the cost of redemption computed by the
county clerk and at a rate to be fixed by the corporate authorities as to
the interest and penalties thereon, and he shall issue a receipt therefor.
However, the corporate authorities may authorize the municipal officer to
waive the penalties for the first year in excess of 7%. The person
receiving this receipt shall file it with the county clerk.
Upon the presentation of such a receipt, the county clerk shall issue to
the person a certificate of cancellation setting forth a description of the
property, the special assessment warrant, and installment, and the amount
received by the municipal officer, and this certificate of cancellation
shall be evidence of the redemption of the property therein described. The
form of such a certificate of redemption for filing with the county clerk
shall be substantially as follows: Receipt of Deposit for Redemption.
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I, (here give name, title of municipal officer), of the (give name of
city, village, or incorporated town), do hereby certify that on (insert
date), .... deposited in this office ....
Dollars for the redemption of .... (describe property) .... which ....
withdrawn or forfeited by the collector of this county on (insert date) for the
nonpayment of .... installment of special
assessment warrant.
You are hereby authorized and ordered to cancel from the records and
files in your office that withdrawal or forfeiture, and issue your
certificate of redemption and cancellation.
(insert date).
(insert name of city, village, or incorporated town).
By .... (proper officer).
(Source: P.A. 91-357, eff. 7-29-99 .)
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